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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Board of Rathi Graphic Technologies accepts resignation of director
Nov 10,2016

The Board of Rathi Graphic Technologies at its meeting held on 09 November 2016 approved resignation of Adarsh Kumar Agarwal from post of Independent Director of the Company.

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Oracle Financial Services Software allots equity shares
Nov 10,2016

Oracle Financial Services Software announced that the ESOP Allotment Committee of the Company at its meeting held on 09 November 2016, allotted 7,202 equity shares of face value of Rs. 5/- each to the eligible Employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2010, Employee Stock Option Scheme 2011 and OFSS Stock Plan 2014. These shares rank pari passu with the existing equity shares of the Company in all respects. In this allotment, no shares are allotted to Directors of the Company.

With this allotment, the paid up capital of the Company has increased to Rs. 425,146,005.00 divided into 85,029,201 equity shares of face value of Rs. 5/- each.

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PHD Chamber Welcomes Demonitization OF Rs.500 & Rs.1,000 notes
Nov 10,2016

PHD Chamber of Commerce and Industry has complimented the NDA government under the Prime Ministership of Mr. Modi for demonetization of currency notes of Rs.500 and Rs.1,000 with sufficient alternates for public at large, describing the move as one of the most unprecedented reforms of independent India.

Applauding the move, President, PHD Chamber, Dr. Mahesh Gupta in a statement issued here today, said that it would address the issue of black money, curb financing of cross border terrorism and equally tackle the issue of fake currency that has acquired a serious and dangerous proportion.

Dr. Gupta appealed to the masses in general and industry in particular that with this decision, there bound to be some inconvenience to the public at large and other segments of the society including industry. However, India is sufficiently geared up to take on such an inconvenience which is for the national cause and the entire society should be prepared for it.

The President, PHD Chamber has also appealed to entire industrial community and chambers of commerce and other such association to whole heartedly support the government in its endeavour for demonetization of Rs.500 and Rs.1,000 notes.

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Board of Valiant Organics approves scheme of amalgamation
Nov 10,2016

Valiant Organics announced that the Board of Directors of the Company at their meeting held on 09 November 2016, has approved amalgamation of Abhilasha Tex-chem (Transferor Company) with the Company.

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Parag Milk Foods standalone net profit rises 27.17% in the September 2016 quarter
Nov 10,2016

Net profit of Parag Milk Foods rose 27.17% to Rs 15.40 crore in the quarter ended September 2016 as against Rs 12.11 crore during the previous quarter ended September 2015. Sales rose 0.21% to Rs 464.69 crore in the quarter ended September 2016 as against Rs 463.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales464.69463.70 0 OPM %8.018.85 - PBDT33.2526.81 24 PBT22.1720.57 8 NP15.4012.11 27

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Parag Milk Foods consolidated net profit rises 47.73% in the September 2016 quarter
Nov 10,2016

Net profit of Parag Milk Foods rose 47.73% to Rs 14.33 crore in the quarter ended September 2016 as against Rs 9.70 crore during the previous quarter ended September 2015. Sales rose 0.69% to Rs 472.84 crore in the quarter ended September 2016 as against Rs 469.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales472.84469.60 1 OPM %7.988.82 - PBDT33.6726.56 27 PBT22.1720.15 10 NP14.339.70 48

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Motherson Sumi Systems consolidated net profit rises 26.17% in the September 2016 quarter
Nov 10,2016

Net profit of Motherson Sumi Systems rose 26.17% to Rs 479.85 crore in the quarter ended September 2016 as against Rs 380.32 crore during the previous quarter ended September 2015. Sales rose 14.96% to Rs 10018.09 crore in the quarter ended September 2016 as against Rs 8714.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10018.098714.49 15 OPM %10.0510.08 - PBDT913.24779.07 17 PBT648.93521.81 24 NP479.85380.32 26

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Odyssey Technologies standalone net profit rises 33.33% in the September 2016 quarter
Nov 10,2016

Net profit of Odyssey Technologies rose 33.33% to Rs 0.68 crore in the quarter ended September 2016 as against Rs 0.51 crore during the previous quarter ended September 2015. Sales rose 21.59% to Rs 2.76 crore in the quarter ended September 2016 as against Rs 2.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.762.27 22 OPM %34.7831.28 - PBDT1.090.84 30 PBT1.020.74 38 NP0.680.51 33

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Motherson Sumi Systems standalone net profit declines 0.48% in the September 2016 quarter
Nov 10,2016

Net profit of Motherson Sumi Systems declined 0.48% to Rs 197.97 crore in the quarter ended September 2016 as against Rs 198.93 crore during the previous quarter ended September 2015. Sales rose 17.88% to Rs 1556.50 crore in the quarter ended September 2016 as against Rs 1320.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1556.501320.41 18 OPM %20.9820.88 - PBDT335.73327.65 2 PBT286.58277.32 3 NP197.97198.93 0

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Board of I G Petrochemicals decides to acquire from Mysore Petro Chemicals Maleic Anhydride Business
Nov 10,2016

I G Petrochemicals announced that its Board of Directors have, subject to approval of shareholders, decided to purchase from Mysore Petro Chemicals (Part of the same promoter group and a related party) the Maleic Anhydride Business on slump sale basis at a lumpsum consideration of Rs 74.48 crore payable in one or more tranches.

Presently, Mysore Petro Chemicals is the only company engaged in the manufacture of Maleic Anhydride in India and the raw material for the same i.e. wash water is being supplied by the Company.

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Board of I G Petrochemicals decides to acquire Mysore Petro Chemicals Maleic Anhydride Business
Nov 10,2016

I G Petrochemicals announced that its Board of Directors have, subject to approval of shareholders, decided to purchase from Mysore Petro Chemicals (Part of the same promoter group and a related party) the Maleic Anhydride Business on slump sale basis at a lumpsum consideration of Rs 74.48 crore payable in one or more tranches.

Presently, Mysore Petro Chemicals is the only company engaged in the manufacture of Maleic Anhydride in India and the raw material for the same i.e. wash water is being supplied by the Company.

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Parag Milk Foods gets healthier after reporting good Q2 results
Nov 10,2016

The result was announced after market hours yesterday, 9 November 2016.

Meanwhile, the S&P BSE Sensex was up 445.73 points, or 1.64%, to 27,698.26.

On BSE, so far 12,029 shares were traded in the counter, compared with average daily volume of 48,838 shares in the past one quarter. The stock hit a high of Rs 318.10 and a low of Rs 308.50 so far during the day. The stock hit a record high of Rs 356.70 on 13 July 2016. The stock hit a record low of Rs 202.10 on 13 July 2016. The stock outperformed the market over the past one month till 9 November 2016, rising 0.28% compared with the Sensexs 2.88% fall. The scrip however underperformed the market in past one quarter, falling 8.98% as against the Sensexs 2.96% decline.

The mid-cap company has an equity capital of Rs 84.11 crore. Face value per share is Rs 10.

Parag Milk Foods earnings before interest, taxes, depreciation and amortization (EBITDA) margin dropped 0.84% to 8% in Q2 September 2016 from 8.8% in Q2 September 2015. Net profit margin rose 0.97% to 3% in Q2 September 2016 from 2.1% in Q2 September 2015. Net profit margin improved substantially on account of savings in finance cost of 56% in Q2 September 2016 due to partial repayment of borrowings in Q1 June 2016. Growth in revenues in Q2 September 2016 was relatively flat due to degrowth in skimmed milk powder and slowdown in rural demand. However export business witnessed good traction.

Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.

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Board of Pritish Nandy Communications approves change in company secretary
Nov 10,2016

The Board of Pritish Nandy Communications at its meeting held on 09 November 2016 approved resignation of Vikas Shaw as Company Secretary and appoints Santosh Gharat as Company Secretary.

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S & S Power Switchgear reports consolidated net loss of Rs 0.71 crore in the September 2016 quarter
Nov 10,2016

Net loss of S & S Power Switchgear reported to Rs 0.71 crore in the quarter ended September 2016 as against net profit of Rs 0.22 crore during the previous quarter ended September 2015. Sales declined 11.48% to Rs 25.53 crore in the quarter ended September 2016 as against Rs 28.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales25.5328.84 -11 OPM %-1.453.74 - PBDT-0.840.46 PL PBT-1.140.17 PL NP-0.710.22 PL

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Raj Oil Mills reports standalone net loss of Rs 1.95 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Raj Oil Mills reported to Rs 1.95 crore in the quarter ended September 2016 as against net loss of Rs 1.02 crore during the previous quarter ended September 2015. Sales declined 14.39% to Rs 15.05 crore in the quarter ended September 2016 as against Rs 17.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.0517.58 -14 OPM %-3.851.71 - PBDT-0.660.30 PL PBT-1.95-1.02 -91 NP-1.95-1.02 -91

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